Fidelity Select Semiconductors Fund Market Value

FSELX Fund  USD 30.25  1.10  3.77%   
Fidelity Select's market value is the price at which a share of Fidelity Select trades on a public exchange. It measures the collective expectations of Fidelity Select Semiconductors investors about its performance. Fidelity Select is trading at 30.25 as of the 16th of March 2025; that is 3.77% increase since the beginning of the trading day. The fund's open price was 29.15.
With this module, you can estimate the performance of a buy and hold strategy of Fidelity Select Semiconductors and determine expected loss or profit from investing in Fidelity Select over a given investment horizon. Check out Fidelity Select Correlation, Fidelity Select Volatility and Fidelity Select Alpha and Beta module to complement your research on Fidelity Select.
Symbol

Please note, there is a significant difference between Fidelity Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Fidelity Select 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Select.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in Fidelity Select on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Fidelity Select Semiconductors or generate 0.0% return on investment in Fidelity Select over 90 days. Fidelity Select is related to or competes with Technology Portfolio, Software And, Computers Portfolio, Health Care, and Biotechnology Portfolio. The fund invests primarily in common stocks More

Fidelity Select Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Select Semiconductors upside and downside potential and time the market with a certain degree of confidence.

Fidelity Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Select's standard deviation. In reality, there are many statistical measures that can use Fidelity Select historical prices to predict the future Fidelity Select's volatility.
Hype
Prediction
LowEstimatedHigh
27.7030.4933.28
Details
Intrinsic
Valuation
LowRealHigh
28.0530.8433.63
Details
Naive
Forecast
LowNextHigh
26.6229.4232.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.1432.4736.80
Details

Fidelity Select Semi Backtested Returns

Fidelity Select Semi secures Sharpe Ratio (or Efficiency) of -0.0946, which denotes the fund had a -0.0946 % return per unit of risk over the last 3 months. Fidelity Select Semiconductors exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fidelity Select's Mean Deviation of 2.08, variance of 7.65, and Standard Deviation of 2.77 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.21, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fidelity Select will likely underperform.

Auto-correlation

    
  0.25  

Poor predictability

Fidelity Select Semiconductors has poor predictability. Overlapping area represents the amount of predictability between Fidelity Select time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Select Semi price movement. The serial correlation of 0.25 indicates that over 25.0% of current Fidelity Select price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test0.38
Residual Average0.0
Price Variance4.25

Fidelity Select Semi lagged returns against current returns

Autocorrelation, which is Fidelity Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Select's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Select returns to help us make a trade decision. For example, suppose you find that Fidelity Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Fidelity Select regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Select mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Fidelity Select Lagged Returns

When evaluating Fidelity Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Select mutual fund have on its future price. Fidelity Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Select autocorrelation shows the relationship between Fidelity Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Select Semiconductors.
   Regressed Prices   
       Timeline  

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Fidelity Mutual Fund

Fidelity Select financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Select security.
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